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About sophtaylor

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  1. ok she's a bull but it is true that the us economy has withstood those things - it's just likely that some of the things on that list won't be shaken off so easily as two wars, a terrorist attacks and a bunch of corporate accounting scandals - namely too much debt and too little saving, and the budget and current account deficits.... plus there is still a bubble in housing, high yield and emerging bond markets... there will be some ass-biting, to be sure.
  2. U.K. Buy-to-Rent Market May Hit Rough Patch Increase in Interest Rates And Drop in House Prices Could Hurt New Investors February 25, 2005 Financial markets are getting nervous about an end to so-called carry trades. So, too, should investors in the U.K.'s buy-to-rent property market. They have engaged in the mother of all carry trades. Imagine you paid £200,000, or about €290,000 ($382,328), for a London house in early 2003, borrowing 80% of the property's value. Suppose the house now is valued at £250,000. The £40,000 of equity you injected now would be worth £90,000 -- a 50% an
  3. I've seen the release (not the raw figures). There is nothing crazy in there. Wales leading, London lagging. Info becomes public 0001 GMT Monday. I will say no more. but really - nothing to get excited about.
  4. Bank of America's take on the numbers: House Prices Turning South, Quickly The Halifax index of house prices declined 1.1% mom in October, with the 3m/3m falling 0.4%, the first negative reading since the end of 2000. This comes after a sharp rise in September (1.3% mom), and therefore should partly be taken as a correction. Enhanced volatility in data is typical of turning points, however. In August, we saw the first negative mom reading (-0.5% mom), and with the October reading the more stable 3-month rate is now softening significantly. The yoy rate is still up 18.5% (it was above 20% i
  5. I love this: Looking forward, Halifax said there is evidence that homes may become more affordable for first-time buyers, as there are signs that the ratio of house prices to earnings may have peaked at 5.63 in July, with a slight decrease to 5.57 in August. "Further downward movement in this ratio would start to ease the difficulties faced by first-time buyers," Ellis said. ------------------- also, the numbers were released at 0800 GMT to all the wires, etc. They certainly are not leaked each month to Dow Jones - Halifax is just slow to update their own site I reckon.
  6. sorry i posted the wrong info yesterday. Halifax numbers will be out Thursday. Definitely.
  7. I'm hearing Halifax numbers won't be out until Monday.
  8. BBA data are due out in a few minutes... gross mortgage lending +GBP16.3B in Sep vs. +GBP16.6B in Aug. Lower than +GBP16.9B in Sep 2003, the first year-on-year fall since November 2000. Average approval price GBP111,100 Vs Aug GBP112,100.
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